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The services revenue graph on page 11 is impressive: from $-500M in 2019 and $200M in 2022 to almost $500M in 2023. The increasing base of existing Teslas mean
by resolutebat 3y ago
The services revenue graph on page 11 is impressive: from $-500M in 2019 and $200M in 2022 to almost $500M in 2023. The increasing base of existing Teslas means that revenue from parts is going to keep going up, and with superchargers opening up to non-Teslas, supercharging is going to be a license to print money for quite a few years.
- 7e 3y agoSuperchargers aren't profitable. That's why they were opened up. So it's basically gauging insurers on parts, making Teslas more expensive to insure.
- resolutebat 3y agoThe capital costs of setting up the infra are huge, but once they're in place they're reselling electricity at a 200%+ margin with virtually zero manpower required.
- TheAlchemist 3y agoCan you please provide some links on that ? The most optimistic forecast I've seen were at about 10B$ of revenue, not profit - which is peanuts.
- cozzyd 3y agoIt depends on how much maintenance is required, probably.
- blackoil 3y agoElectricity is commodity, no way you can sustain high ROI on it.